NVIDIA Financial Results for Second Quarter Fiscal 2015

SANTA CLARA, CA -- (Marketwired) -- Aug 07, 2014 -- NVIDIA (NASDAQ: NVDA)

  • Second quarter revenue of $1.10 billion, up 13 percent from a year earlier
  • GAAP diluted EPS of $0.22, up from $0.16 a year earlier; non-GAAP diluted EPS of $0.30, up from $0.23 a year earlier
  • Record GAAP gross margin of 56.1 percent; record non-GAAP gross margin of 56.4 percent

NVIDIA (NASDAQ: NVDA) today reported revenue for the second quarter ended July 27, 2014, of $1.10 billion, up 13 percent from $977 million a year earlier and in line with the previous quarter. Revenue for the first half was up 14 percent to a record $2.21 billion from $1.93 billion a year earlier.

GAAP earnings per diluted share for the quarter were $0.22, up 38 percent from $0.16 a year earlier and down 8 percent from the previous quarter. Non-GAAP earnings per diluted share were $0.30, up 30 percent from $0.23 a year earlier and up 3 percent from the previous quarter.

"We had a great quarter with strong gains in each of our three growth areas -- Gaming, Datacenter & Cloud, and Mobile," said Jen-Hsun Huang, president and chief executive officer of NVIDIA. "Our Tesla datacenter business is in high gear, benefiting from strong demand from cloud service providers, and our new SHIELD tablet is generating considerable excitement. ‎ NVIDIA's accelerating growth stems directly from investments in extending our visual computing leadership to the mobile-cloud revolution."

During the second quarter, NVIDIA paid $47 million in cash dividends and received 6.8 million shares under the $500 million structured repurchase agreement it entered into in the first quarter. During the first quarter, the company had paid $47 million in cash dividends and had received 20.6 million shares under the agreement. As a result, during the first half, NVIDIA has returned $594 million of the $1 billion it intends to return to shareholders in fiscal 2015.

NVIDIA will pay its next quarterly cash dividend of $0.085 per share on Sept. 12, 2014, to all stockholders of record on Aug. 21, 2014. NVIDIA expects that a portion of this dividend payment may be considered a return of capital for U.S. federal income tax purposes.

                                                                            
----------------------------------------------------------------------------
                     GAAP Quarterly Financial Comparison                    
----------------------------------------------------------------------------
($ in millions except                                                       
  earnings per share)  Q2 FY15    Q1 FY15    Q2 FY14      Q/Q         Y/Y   
----------------------------------------------------------------------------
Revenue              $    1,103 $    1,103 $      977        flat     up 13%
----------------------------------------------------------------------------
Gross margin              56.1%      54.8%      55.8%  up 130 bps  up 30 bps
----------------------------------------------------------------------------
Operating expenses   $      456 $      453 $      440       up 1%      up 4%
----------------------------------------------------------------------------
Net income           $      128 $      137 $       96     down 6%     up 33%
----------------------------------------------------------------------------
Diluted earnings per                                                        
 share               $     0.22 $     0.24 $     0.16     down 8%     up 38%
----------------------------------------------------------------------------
                                                                            
                                                                            
                                                                            
----------------------------------------------------------------------------
                   Non-GAAP Quarterly Financial Comparison                  
----------------------------------------------------------------------------
($ in millions except                                                       
  earnings per share)  Q2 FY15    Q1 FY15    Q2 FY14      Q/Q         Y/Y   
----------------------------------------------------------------------------
Revenue              $    1,103 $    1,103 $      977        flat     up 13%
----------------------------------------------------------------------------
Gross margin              56.4%      55.1%      56.3%  up 130 bps  up 10 bps
----------------------------------------------------------------------------
Operating expenses   $      411 $      411 $      401        flat      up 2%
----------------------------------------------------------------------------
Net income           $      173 $      166 $      133       up 4%     up 30%
----------------------------------------------------------------------------
Diluted earnings per                                                        
 share               $     0.30 $        0.29  $          0.23              up  3%          up  30%
----------------------------------------------------------------------------
                                                                                                                                                        
                                                                                                                                                        
 

1 | 2 | 3  Next Page »



Review Article Be the first to review this article
SI2

AMIQ: dvteclipse

Featured Video
Editorial
Peggy AycinenaIP Showcase
by Peggy Aycinena
Grant Pierce: Grand Challenges in IP
More Editorial  
Jobs
Technical Support Engineer for EDA Careers at Freemont, CA
LVS for PDK Design Engineer SILICON VALLEY for EDA Careers at San Jose, CA
LVS PEX DESIGN ENGINEERS SILICON VALLEY for EDA Careers at San Jose, CA
Upcoming Events
EMC PCB Design Integration at 13727 460 Ct SE North Bend WA - Jun 6 - 9, 2017
DAC 2017 Conference at Austin TX - Jun 18 - 22, 2017
2017 FLEX Conference at Monterey Conference Center 1 Portola Plaza, Monterey CA - Jun 19 - 22, 2017
MPSoc Forum 2017 - July 2 - 7, 2017, Les Tresoms Hotel, Annecy, France at Les Tresoms Hotel Annecy France - Jul 2 - 7, 2017
NEC: CyberWorkbench
Verific: SystemVerilog & VHDL Parsers
DownStream: Solutions for Post Processing PCB Designs
DAC2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy